Ivory Coast seeks offshore oil investors

Offshore staff

HOUSTON – The Ivory Coast will seek investors in its available offshore oil acreage, including seven new ultra-deepwater blocks in the Gulf of Guinea, at a promotional event in Texas next week, a senior oil ministry official said.

The West African nation will target companies including Exxon Mobil, Total, Eni, Anadarko Petroleum, Tullow Oil, and ConocoPhillips, the ministry's oil director Ibrahima Diaby said. Prime Minister Daniel Kablan Duncan and Oil and Energy Minister Adama Toungara will lead the government delegation at its promotional event in Houston on Oct. 14 and 15.

"This oil roadshow in Houston will allow us to present the opportunities on offer in the Ivorian sedimentary basin, particularly in the deep and ultra-deep offshore zones," Diaby said. "We have seven ultra-deep blocks at between 3,000 m (9,843 ft) and 4,000 m (13,123 ft), and several blocks between 50 m (164 ft) and 1,000 m (3,281 ft)."

10/09/2014

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